Stef's Blog - a native London Southlander and unrepentant 'Conspiraloon™' who doesn't trust anyone, not even himself. Sometimes I take pictures. I also enjoy swearing immensely and think much faster than I can type, so each post comes guaranteed to include at last one confusing typo. OK?

Saturday, November 15, 2008

All my life, I've been in love with its colour, its brilliance, its divine heaviness...

There is much talk of the virtues of putting one's savings, if one is blessed with any savings, into gold at the moment

Given that leaders of the 20 richest (sic.) economies in the world are meeting in Washington today to discuss just how much more money they're going to print, this is perfectly understandable

One of the big problems with gold however (aside from the fact that its supply is controlled by the same bastards who are responsible for the current economic crisis) is that, here in the UK anyway, the retail gold business and its practitioners have a somewhat, um, sleazy image

On many internet financial forums, people who talk about gold and gold dealers are treated by other forum members in more or less the same way as if they'd admitted to a taste for visiting specialty prostitutes

Well, the specialty prostitutes have started going door to door

I just pulled this out of my Mum's letterbox...

Apparently, now that gold is fetching a 'record breaking price' a local jeweller is altruistically soliciting to take that crappy old gold off people's hands in exchange for wads of valuable cash

The 'top prices paid' are considerable...

...topping out at a breathtaking £250 /oz for 22ct gold*

"Do you expect me to talk Goldfinger?""No Mr Bond, I expect you to sell at £250 an ounce"

I'd recommend getting in touch with these guys and selling your granny's wedding ring tout suite, before the gold price crumples and people are queuing in their thousands trying to offload wheelbarrows full of their increasingly worthless bullion in exchange for valuable, high-interest bearing British pounds which people are clamouring to get their hands on all over the world

Though, unfortunately, by some inexplicable oversight, I've scrubbed the contact details off the flier

*NB UK Dealers are currently selling 1.09oz 22ct Krugerrands at £550-600 plus, if and when they have any stock - which isn't very often

(Personally, I would have thought that if someone had five hundred quid to spare and believed that things really could get that bad they'd arguably be better off buying a few sacks of rice or something)

...if you've ever been involved in any kind of doomed project or venture there comes a time, towards the end, when those involved in that project scramble around with increasing desperation, pinning their faith on the most pathetic, unworkable 'solutions' to their predicament

until, eventually, someone - usually from the outside - tells them that everything's all over and starts packing up everything that's left for quick disposal

usually, by this stage, the losers are so exhausted and strung out they're almost grateful for the coup de grace

there's a very strong whiff of this about the world of finance these days

though the specific identity of who, or what, exactly is going to play the part of the liquidator eludes me

http://www.guardian.co.uk/business/feedarticle/8025778Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July.

Only just today a professorial commentator on the World Service said this has all come about because "nobody knew what they were doing."

Which, of course, is blatantly obvious when you think about it and, more importantly, the only possible explanation for any of it.

I think that's what is technically known as a lie

Look, I know these people are pretty devious but I can't believe for a moment that any of them would actually and deliberately lie to us, nor that the State broadcasting corporation would facilitate their lying to us. No, no, no!

Occupation 101 was a great video, thanks for that. Unbelievable how America gives the same in aid to africa and all the third world countries combined just to Israel. Averages at $10k per person compared to just $59 per person in Africa. Palistinians have to live under the most appaling conditions becasue Israel makes life as hard as humanley possible. The news and media has been manipulated yet again so the rest of the world can sleep easy at night in total ignorance.

Well it was on the english version of AJ, which is designed to give an alternative perspective on world politics (which to a certain degree it does very well)to western audiences. So alluding to the more lurid aspects of some islamic countries, which are rather heavily plasyed on by western media, seems rather negative to me.

So alluding to the more lurid aspects of some islamic countries, which are rather heavily plasyed on by western media, seems rather negative to me.

Oh I don´t know,,,part of Max Keisers appeal is his no holds barred statements,,,I suppose however that the word fatwa is maybe inappropriate!,,all the same I think America would ba all the better if say Blair's Bush's Cheneys Powell Sleaz Rice, Guilianis heads were all ro

After reading Paul's Silver lining link, especially part about: "The proposed bank "bailout" under the so-called Troubled Asset Relief Program (TARP) is not a "solution" to the crisis but the "cause" of further collapse."I came across this:Taiwan hands out shopping vouchers to boost economyIs that not better than what the US an UK government's have done? Government by the people for the people and all that.

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